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Search Results 0 to 14 of about 15 (some duplicates have been removed)
. >>> so the big news this week is not so much what the fed did, but what it said. and joining us now to help interpret that and where the markets and the economy may be going next, mike cuggino is manager of the permanent portfolio funds with more than $4 billion in funds, and diane swonk who is chief economist at mesirow capital. diane, what the fed said is that financial conditions are leveling out and further financial conditions are improving further. do you agree? >> i agree. they are leveling out and they certainly didn't say they were soaring ahead, did they? >> no. >> well, saying we are seeing some cross currents in the economy, and good news and bad news. the armageddon scenario is behind us, but we are moving into an economic recovery, but it's very fragile and will be a rocky recovery at best. so the fed left the door open, the backdoor open to continue its quantitative easing, if necessary, and expand the balance sheet, although i it would like as we continue into move into 2010 to reduce the balance sheet and not raise the rates for quite a while, but certainly accommod
wesbury with us and chief economist with first trust advisers. thanks so much for being here sfp. >> thank you, maria. >> good to see you both. let me kick it off with you. bernanke for another four-year term. good idea? >> think so because we don't want to upset the applecart right here. things are still very delicate. he is a student of the depression, even before we got in this situation we knew that he would be a good man for this job, and i think the president realizes that, but the one thing i would question is he knew what not to do which was don't put the brakes on, but does he know when to take the gas pedal off? and that, i'm not sure. we'll have to see. so far he's doing an excellent job. >> that really is the key, isn't it, brian? the president re-appointing bernanke to the second term, but what is the exit strategy in how do we wind down some of the programs that the fed has in place? >> yeah, and i think one of the reasons that bernanke was a key re-appointment is that anyone else who was on the short list appeared very political and that would have been scary to the markets,
and winery in western sonoma county, thank you for joining us, we hope you enjoyed your stay in wine country and we'll see you again next time. for more information about today's show, log onto our website inwinecountry.com >>> hi, everybodying welcome to "the wall street journal report." i'm maria bartiromo. it's all about jobs. the key employment report just out. what it means, what it tells us about the economy and what is next. >>> she is one of the most powerful women in business in the world. we'll talk with pepsi to find out where the fizz is in her biz. >>> chris gardner's amazing story. from the homeless shelter to wall street continues. with advice on how to use your passion to find success. "the wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> now here's a look at some of the stories in the headlines this week. >> here's a look at what's making news as we enter a new week on wall street. for the first time since april of 2008, the unemployment rate actually fell. the job
just out. what it means, what it tells us about the economy and what is next. >>> she is one of the most powerful women in business in the world. we'll talk with pepsi's indra nooyi to find out where the fizz is in her biz. >>> and he wrote "the pursuit of happyness." how chris gardner's amazing story continues with advice on how to use your passion to find success. the "wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >>> now here's bob pisani with a look at some of the stories in the headlines this week. >> here's a look at what's making news as we enter a new week on wall street. for the first time since april of 2008, the unemployment rate actually fell. the jobs report for july was released on friday and it showed the economy lost 247,000 jobs, better than what many economists had expected. the unemployment rate dropped to 9.4%. the better than expected report is a strong signal the recession is ending. the market started august off on a bang. on monday, the s&p 5
. kraft, crocker and cisco beat analyst estimates. the u.s. postal service expects to lose more than $7 billion by the end of the fiscal year. that will likely mean some local post office closures and shorter hours. >>> the big story is the jobs number and the markets hitting yearly highs. what does it mean for the markets and your portfolio? joining us is the managing director and chief u.s. economist at deutsche bank. tom forrester is the manager of the forrester value fund. let me start with you. the jobs number showed clear improvement but it was still negative. what's your take on the numbers and when will we see positive jobs growth. >> the numbers were still lousy, down almost 250,000. where there ps glimmers of hope was largely in the factory work week. it rose .3%. that suggests inventory building. we also saw temporary hiring, still negative, the decline starting to slow. if we're lucky maybe we can get a positive payroll report before the year is over. >> we have seen a real improvement in the stock market. the major indices up 50% from their march lows. most of these earning
back with us, thanks for joining us. >> thanks for having me. >> what did you make of the gdp number, down 1%? we're still seeing contractions. boy, that was a lot better than we saw initially. is this what you were expecting? >> it was better than i expected. the recession it turns out was more severe than we originally estimated. i think it is laying the groundwork for a better recovery. i am encouraged by these numbers, yes. >> how strong a recovery do you expect? a lot of people talk about the recession perhaps coming to an end, but the recovery is really what we need to worry about now, because they're talking about it being pretty bleak. what's your view? >> i think the recession is coming to an end. i think recovery will begin in the current quarter. my sense is the recovery will be somewhat disappointing. we're not going to get a lot of growth at least not through the first part of 2010. economists have gotten to using these alphabet letters to describe the shape of the recovery. i would characterize it by a "u." so the early parts of the recovery will be modest at best. >> w
fell on friday. u.s. home prices rose for the second straight month in the month of june. more evidence that the three-year housing slump is easing. the s&p case-shiller home price index was up 1.5% in june, almost three times the increase of the month before. may's uptick was the first in three years years. >>> aaa says travel will drop dramatically over the labor day weekend compared to last year. american families will be putting the brakes on travel partly to save money and partly because labor day falls after school has begun in many parts of the country. >>> more signs of life in the housing market. ben bernanke gets to keep his job. joining us now talk about that is bob bower, portfolio manager with $150 million under management and number one in his category. brian wesbury with us and chief economist with first trust advisers. thanks so much for being here. >> thank you, maria. >> good to see you both. let me kick it off with you. bernanke for another four-year term. good idea? >> i think so because we don't want to upset the applecart right here. things are still very delicate.
show today, thank you for joining us we hope you've enjoyed your stay in wine country and we'll see you again next time.it turned out pretty good. it separated nicely without cracking the bottom. the piece was a nice shape, a little bit bigger than what we were going for, but that's always okay, people don't usually complain when they're too big. for more information about today's show, including about the people and places we've profiled, log on to our web site, inwinecountry.com. >>> hi, everybody. welcome to the "wall street journal" report. i'm maria bartiromo. once again, coming to you just outside the new york stock exchange, a hot summer rally on the market but crucial report on the economy and encouraging news on the housing front. is the recovery finally here? he is a motorcycle riding wall street maverick, talking to sam about real estate, investing, media and baseball. caught in the middle, the high cost of elder care, keeping a family together. finding a helping hand may be easier than you think. all that and more as the "wall street journal" report begins right now.
that the similar us plan has gone to work in those countries than year. a little harder to find. with a piece of that and the other programs they're at least thinking of the exit strategy. i just don't think we have a lot of clarity of where it comes from here. >> we need more detail. you're just back from brazil. you met with government officials and corporate leaders there. how does the economy feel to you? this is one of the so-called brick countries, brazil, obviously russia and china. >> the first observation i had, they're leaving the economic downturn in the rearview mirror. they are already poised for good growth in '10. like you just cited in warren's piece, their fiscal deficit is percentage gdp is nowhere near where ours is right now. they're not going to have the problem down the road. do they have some social issues to deal with? yes. but their economies seemed to me already up and running. very poised for more growth. and i think their experience of real crisis was 15 years ago and the changes they made since then, it felt like to me, it's positioned them really this time to com
us. warren buffett had an op-ed in the paper this weekend, an editorial in "the new york times." let me read you what he said. the united states economy is now out of the emergency room and appears to be on a slow path to recovery. he said the fiscal year, though, the deficit will rise to 13% of the gdp, more than twice the non-wartime record. fiscally we're in unchartered territory. do you agree with his expectations about this economy? how does the broad fundamental landscape look to you? >> it's hard to disagree with what warren laid out in his piece, right? the good news, the government stepped in decisively and did what it had to do. as warren points out in his op-ped piece, the way they did that was by spending, spending, spending and those chickens come home to roost eventually. i thought his piece was right on target. i think we need to see the government shift more to we know that's the issue we're going to have the solve. good news, we avoided a calamity. now, how do we handle the problems out on the horizon next? >> do you feel like there's an exit strategy in place? some
on the highway. the all new chevy equinox. ♪ and there used to be a ballpark where the field was warm and green ♪ ♪ and the people played their crazy game ♪ ♪ with a joy i had never seen and the air was such a wonder ♪ ♪ from the hot dogs and the beer yes, there used to be ♪ >> tim: i am back with marty appel with a new book on thurman munson and tippy martinez who once picked off three men in one inning. that's right, three runners from first base in one inning. we'll deviate from the thurman munson story and talk to tippy about not only picking -- where did you come up with such a good move? >> well, i didn't really have a good move, but, you know, tim, it just so happened we had guys in the wrong positions. i mean, i had -- i had one who never caught in his life, an amateur ballplayer who was catching and lowen stein playing second base and ryne i can playing third. i just some had i picked him off and the next guy i picked off. i can remember bobby cox hollering at the first base coach. i don't want the guy maybe six inches off the bag. i st -m i'm just tinnkinto myself, what
Search Results 0 to 14 of about 15 (some duplicates have been removed)